One of the dirtiest and most import-dependent power sectors in Asia is on a clean-up drive. Taiwan currently imports roughly 98% of its energy sources and gets more than 80% of its electricity from fossil fuels, including around 43% from coal and 39% from natural gas, according to data from think tank Ember. Only around 16% of Taiwan's electricity sources are deemed clean, which is half the average for Asia as a whole and way less than regional rivals China…
Bumi Armada Berhad, a Malaysian company known for its FPSO leasing business, said Monday it had, via its subsidiary Armada Akia B.V (“AABV”) and its co-bidder, Pexco Tarakan NV, signed a Production Sharing Contract with the Ministry of Energy…
China-based offshore drilling contractor China Oilfield Services Limited (COSL) said this week it had agreed to buy four jack-up drilling rigs from Dalian Shipbuilding Offshore.COSL's subsidiaries have agreed to buy four JU2000E jack-up drilling rigs at a total contract price of RMB3…
India's state-run Oil and Natural Gas Corp wants to eventually receive a share of crude from a Russian project it partly owns, but is willing to wait because Russian oil is hard to ship right now, the head of ONGC's overseas investment arm, ONGC Videsh…
The CEOs of top Saudi Arabian and U.S. oil producers Aramco and Exxon Mobil on Monday pushed back against forecasts that oil demand will peak, and said the transition to cleaner energy to fight climate change would require continuing investment in conventional oil and gas…
Australia's Offshore Alliance union said on Sunday that workers had begun a second 24-hour strike at Chevron's liquefied natural gas (LNG) plants in Western Australia.'Another 24hr stoppage has been applied across all 3 facilities with 15% of…
Appetite for Iranian crude is growing in China, the world's biggest oil importer, after the extension of supply cuts by Saudi Arabia and Russia boosted global prices, while Tehran is stepping up output and exports despite U.S. sanctions.Although China's 'teapots'…
A fault at Chevron's Wheatstone facility in Australia temporarily shut about a quarter of its liquefied natural gas (LNG) production on Thursday, the same day that unionized workers escalated strike action.A Chevron spokesman said the cause…
Qatargas has changed its name to “QatarEnergy LNG,” to emphasize a future vision for Qatar’s liquefied natural gas (LNG) industry, QatarEnergy said Thursday.'With a new name and logo, “QatarEnergy LNG” will continue to deliver on its commitment to safety…
Longboat Energy, an E&P company active in Norway and Malaysia, has agreed to acquire privately held Topaz Number One Limited ('Topaz'), increasing its working interest in the Production Sharing Contract over Block 2A offshore Sarawak, Malaysia ('Block 2A') to 52…
Russia's Sakhalin Energy, which produces liquefied natural gas and oil, has fully resumed production following maintenance, Interfax news agency reported on Tuesday, quoting Gazprom's Deputy CEO Vitaly Markelov.The company has said it planned maintenance in July without providing a timeframe…
The Norwegian offshore vessel Siem Offshore said Monday it had secured a contract extension for the AHTS Siem Topaz with a local client in Taiwan. The contract will start in direct continuation of the current contract, for a firm period reaching into Q4 2024…
Formosa 2 offshore wind project in Taiwan has achieved commercial operation date (COD), becoming the first Round 2 offshore wind project in Taiwan to reach this milestone.The Formosa 2 offshore wind project is a joint development project by JERA (49%)…
Japan's JERA, one of the world's biggest buyers of liquefied natural gas (LNG), expects a muted impact on the market from a potential strike in Australia thanks to high stocks and low seasonal demand, a top executive said on Thursday.'I think the real impact is not much…
The American Bureau of Shipping (ABS) has awarded Approval in Principle (AIP) for Bumi Armada’s pioneering design for a floating carbon storage and injection unit (FCSIU).Bumi Armada’s FCSIU concept is a floating terminal capable of storing…
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